Netflix, Prime and Disney rise 38% to £ 29 billion in 2020, with Frozen II being the best-selling video

British consumers gave a record $ 9 billion last year GBP for entertainment as the pandemic sparked a boom in the popularity of digital services such as Netflix, Amazon and Spotify as the public tried to ease boredom

Total entertainment spending, which includes digital and physical videos, music and games including sales of CDs, DVDs and video game software, increased 17% year over year in 2020 – the fastest annual rate in 25 years The Entertainment Retailers Association ( ERA) put numbers together Frozen II was the best-selling video, with Fifa 21 at the top of the game charts and Lewis Capaldi’s Divuly Uninspired to a Hellish Extent, the biggest album

The numbers show how the pandemic has accelerated the pace of consumer shifts away from physical products, with a record £ 78 billion Euros were spent on digitally delivered services, representing 86% of total UK entertainment spending in the last year

Spending on digital video services, led by Netflix, Disney and Amazon Prime Video, rose 38% year over year to £ 29 billion, by far the fastest growing sector of the UK entertainment market

Last year it was the largest ever for new subscribers to streaming services in the UK at 32 million, more than double that of traditional pay-TV operators like Sky, BT TV and Virgin Media

This week, Netflix, the UK’s largest streaming service with 13 million UK subscribers, increased its prices The most popular package jumped £ 1 a month to £ 999

Disney Frozen II sold 973000 copies, including borrowing and buying or downloading one physical or digital copy – as families tried to keep their children at home

Overall, the physical and digital music market grew 68% to £ 15 billion, with Lewis Capaldi with total sales of 455900 produced the most popular album of the year of the pandemic

The total digital and physical games market grew 145% to £ 42 billion Last year with FIFA 21 postponement 218 million copies

Income from streaming music increased more than 15% to £ 1.2 billion a rush of new subscribers to services like Spotify, Apple Music and Amazon Music drove the entire music market to £ 1.5 billion – the highest level since 2006

Income from music streaming is now higher than the entire music market in 2016. Earlier this week, the industry association BPI announced that the amount of music streamed last year rose 22% to 139 billion last year Audio streams rose, down from 114 billion in 2019

The trend has been the same in gaming, by far the largest segment of the UK’s overall entertainment market, with spending on mobile and streamed games increasing 16% to £ 36 billion

“If there was ever a year we needed entertainment, it was 2020,” said Kim Bayley, Managing Director of ERA. “The trend towards an increasingly digital entertainment market is long established, but nobody would have made this dramatic leap can predict as digital services filled the void left by closed cinemas, concert halls and retail stores ”

Last year UK consumers spent nearly £ 150m less on physical entertainment products such as buying and renting DVDs and CDs. Total physical entertainment product sales fell by 107% last year from £ 14bn up to £ 12 billion In just a decade, the physical entertainment market has shrunk three quarters from £ 47 billion in 2010

The closure of stores on High Street has exacerbated the downward spiral in sales of most physical products over the past year. Music CD sales fell 28% to 156 million GBP, while sales of DVDs and Blu-ray Discs fell by a quarter to 355 million GBP declining and the UK physical video rentals market is nearing complete disappearance, falling 28% to just £ 16m

However, the lockdown turned out to be a boon to the vinyl market, which saw its best year in decades, as fans who had run out of concerts diverted their cash to their record collections for vinyl sales that have revived in recent years, increased by 13% to 110 million GBP and today represent remarkably 40% of the total physical music market valued at 271 million Overall, the physical and digital music market rose 68% to £ 15 billion

Guardian, the Guardian

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Source: https://www.theguardian.com/media/2021/jan/08/uk-lockdowns-fuel-record-year-for-home-entertainment-spending